Financial Analyst

at  Live Oak Bank

About Us
Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.
How This Role Impacts Live Oak and its People
The Financial Analyst provides financial analysis within the Business Analyst Group in accordance with established systems and procedures. The Financial Analyst obtains a unique perspective while working with Business Analysts and the Live Oak Bank credit and lending teams to support the banks management of risk, growth, and credit quality.

What You’ll Do at Live Oak

• Responsible for the analysis of financial statements and the financial condition for a defined segment of the Bank’s existing loan portfolio.
• Has responsibility for following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering or other unlawful activities.
• Functions as a team and realizes all members of the team are vital to its success.
• Stays current with products and services the Bank is offering.
• Works closely with Business Analyst to service customers and identify risks or opportunities.

How You’ll Do It

• Identify credit trends and risks within existing loan portfolio during financial analysis.
• Complete quarterly credit reviews on assigned segment of existing loan portfolio.
• Reporting and presenting on loan portfolios credit health to the Bank.
• Help prepare for line of credit draws and renewals in conjunction with Underwriting Team.
• Assist with loan modifications in partnership with Loan Modification Analysts.
• Partner with Retention Analyst on customer retention packages.
• Travel required to visit existing borrowers and industry conferences.

Required and Preferred Experience

• Experience with and strong knowledge of basic financial statements (Balance Sheet, Income Statement, Statement of Cash Flows) is preferred.
• Excellent computer skills (i.e. Excel, Word, etc.).
• Strong customer service and interpersonal skills
• High degree of flexibility
• Sound judgment, detail oriented
• High ethical standards
• Valid driver’s license is required
• Bachelor’s Degree in Business or Finance is the minimum requirement

To Thrive at Live Oak

• Gravitate to Growth – Shows adaptability and support for changes to improve organizational effectiveness.
• Communicate and Collaborate – Communicates clearly and thoughtfully, demonstrating empathy in teamwork.
• Eye of the Tiger – Gets positive results by taking personal responsibility for actions and team outcomes.
• Know Your Business – Curates and maintains a depth of knowledge and skill to perform one’s job effectively.
• Customer at the Center – Provides customers with a personalized experience to achieve exceptional outcomes.

For a detailed overview of our employee benefits please visit:
http://www.liveoakbank.com/careers/
At Live Oak Bank, we are passionately focused on creating an inclusive and genuine environment! We encourage you to apply for roles that you believe you’d be a great fit for, even if you feel your past experience does not perfectly match every requirement. As we continue to grow, our People Team will match the skillsets of current and prior applicants with open roles within our organization. As we say at Live Oak, “Paint the Target!” and go after your goals!”
The base pay range for this position is $40,000.00 - $65,000.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.
Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington

What You’ll Do at Live Oak

• Responsible for the analysis of financial statements and the financial condition for a defined segment of the Bank’s existing loan portfolio.
• Has responsibility for following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering or other unlawful activities.
• Functions as a team and realizes all members of the team are vital to its success.
• Stays current with products and services the Bank is offering.
• Works closely with Business Analyst to service customers and identify risks or opportunities

How You’ll Do It

• Identify credit trends and risks within existing loan portfolio during financial analysis.
• Complete quarterly credit reviews on assigned segment of existing loan portfolio.
• Reporting and presenting on loan portfolios credit health to the Bank.
• Help prepare for line of credit draws and renewals in conjunction with Underwriting Team.
• Assist with loan modifications in partnership with Loan Modification Analysts.
• Partner with Retention Analyst on customer retention packages.
• Travel required to visit existing borrowers and industry conferences